Ultrasis Plc Regulatory News (ULT)

22 Apr 2005 15:30

Ultrasis PLC22 April 2005 Ultrasis PLC ("Ultrasis" or "the Company") Proposed transfer to AIM Ultrasis today formally announced that it is planning to move the Company'sordinary shares and 6 per cent. convertible unsecured loan stock 2008 ("LoanStock") from the Official List of the United Kingdom Listing Authority (the"Official List") to the Alternative Investment Market of the London StockExchange plc ("AIM") on 23 May 2005. The transfer from the Official List to AIMis conditional, inter alia, on the approval of holders of Loan Stock at anextraordinary general meeting to be held on 4 May 2005. The transfer to AIM will allow the Company to pursue acquisitions in the mostcost effective manner and will simplify the ongoing administration and reportingrequirements of the Company. As an AIM company, Ultrasis will continue to be subject to the regulatory anddisciplinary controls of the London Stock Exchange plc. The board believes thatAIM, with its lower cost of complying with continuing obligations, is a moreappropriate market for the Company given its size and shareholder base.Shareholders should be reassured that, so far as is known to the directors, withthe exception of shares held in a Personal Equity Plan or an Individual SavingsAccount, the transfer to AIM will in no way affect their ability to hold sharesor loan stock in the Company and existing share and loan stock certificates willremain valid. Shareholders should also note that shares traded on AIM areeligible for inclusion in a Self Invested Personal Pension Plan. Shares admitted to trading on AIM do currently enjoy some preferential taxtreatment in comparison to shares quoted on the Official List and thepreferential tax treatment is summarised in a leaflet produced by the LondonStock Exchange entitled "A Guide To AIM Tax Benefits", which can be obtained atthe London Stock Exchange website (www.londonstockexchange.com). However,shareholders are recommended to seek their own financial advice on the taxtreatment of shares. -ENDS- For enquiries please contact: Ultrasis PLCGraham Lewis0207 566 3900 This information is provided by RNS The company news service from the London Stock Exchange